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India will soon have its own national gold coins. Metals and Minerals Trading Corporation (MMTC) will manufacture and market the gold coins, set for release in October. According to the Times of India, MMTC managing director Ved Prakash said the company plans to produce two gold coins, one weighing 5 grams and the other 10. […]
Of course, gold’s value lies in its scarcity. But just how scarce is it, really? We all have a vague idea, but you will probably still find the reality quite shocking. A series of 12 stunning visualizations of gold published by Visual Capitalists puts the rarity of gold into vivid perspective. Demonocracy.info put together this […]
For months, Peter Schiff has argued that the Federal Reserve cannot and will not raise the interest rate. Most recently, Peter told CNBC Asia the Fed is pulling a “long con” on the global markets when it comes to its monetary policy. The Fed wants people to believe that a rate hike is coming, but […]
In August, Peter Schiff was a guest speaker at The Jackson Hole Summit, a gathering of free-market activists warning of the dangers of overreaching central banks and irresponsible monetary policies. The Summit coincided with the official central bank conference held every year in Wyoming. Peter’s speech was titled “Monetary Roach Motel: There Is No Exit […]
Alex Jones spoke with Peter Schiff for an entire hour on InfoWars yesterday. They had a wide-ranging discussion, including the tragic plight of Peter’s father Irwin, a political prisoner held in poor conditions. They also talked about the Federal Reserve’s monetary policy, the next round of quantitative easing, the Pope’s economic message and visit to […]
CNBC Asia spoke with Peter Schiff last night. The anchors acted surprised when Peter suggested the Federal Reserve is pulling a “long con” on the global markets when it comes to its monetary policy. The Fed wants people to believe that a rate hike is coming, but Peter argues that a fourth round of quantitative […]
Gold represents stability. Buying gold makes a lot of sense as historically, gold holds its value. It also maintains a relatively constant level of purchasing power, especially when compared to the US dollar. In 1976, University of California Professor Roy Jastram completed a long-term analysis of gold’s purchasing power stretching all the way back to 1560 […]
Todd “Bubba” Horwitz explained to Kitco the fundamental reasons for buying gold and silver right now. He agrees fully with Peter Schiff that the Fed won’t raise rates anytime soon:
With many mining companies in the red, analysts expect gold production to drop for the first time since 2008. According to a Bloomberg report, the anticipated drop in production follows a global surge. Gold output jumped 24% in a decade to a record 3,114 metric tons in 2014, according to data from industry researcher GFMS.
The the Bank of Russia bought 1 million ounces of gold in August alone. That boosted the country’s gold reserves to 42.4 million ounces as of Sept. 1, according to an announcement by the bank last Friday. The value of the central bank’s holdings rose to $47.68 billion from $44.96 billion a month earlier. The […]
